Nomura Asset Management Co. Ltd. boosted its holdings in Kimberly Clark Corp (NYSE:KMB) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,592 shares of the company’s stock after buying an additional 1,356 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Kimberly Clark were worth $11,837,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. Engineers Gate Manager LP raised its holdings in Kimberly Clark by 113.2% in the third quarter. Engineers Gate Manager LP now owns 18,730 shares of the company’s stock worth $2,204,000 after purchasing an additional 9,944 shares during the period. Synovus Financial Corp raised its holdings in Kimberly Clark by 2.2% in the third quarter. Synovus Financial Corp now owns 111,713 shares of the company’s stock worth $13,178,000 after purchasing an additional 2,453 shares during the period. ARGI Investment Services LLC raised its holdings in Kimberly Clark by 3.8% in the third quarter. ARGI Investment Services LLC now owns 13,705 shares of the company’s stock worth $1,615,000 after purchasing an additional 503 shares during the period. SevenBridge Financial Group LLC raised its holdings in Kimberly Clark by 9.5% in the third quarter. SevenBridge Financial Group LLC now owns 8,455 shares of the company’s stock worth $995,000 after purchasing an additional 732 shares during the period. Finally, Financial Counselors Inc. raised its holdings in Kimberly Clark by 10.5% in the third quarter. Financial Counselors Inc. now owns 78,439 shares of the company’s stock worth $9,231,000 after purchasing an additional 7,484 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.
Several equities research analysts have weighed in on KMB shares. Macquarie started coverage on shares of Kimberly Clark in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price on the stock. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a report on Friday, October 13th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Finally, Citigroup reiterated a “hold” rating and issued a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Kimberly Clark currently has an average rating of “Hold” and an average target price of $126.50.
Kimberly Clark Corp (NYSE:KMB) opened at $112.98 on Friday. The firm has a market cap of $39,740.00, a price-to-earnings ratio of 18.64, a P/E/G ratio of 2.93 and a beta of 0.75. Kimberly Clark Corp has a 12-month low of $109.67 and a 12-month high of $136.21. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. equities analysts forecast that Kimberly Clark Corp will post 6.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.03%.
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About Kimberly Clark
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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